Former TierOne Bank CEO takes the stand and denies it all

http://www.omaha.com/money/former-tierone-ceo-takes-the-stand-and-denies-it-all/article_6c884d68-824b-11e5-afd6-b7e2b4d0bd10.html

POSTED: WEDNESDAY, NOVEMBER 4, 2015 12:30 AM | UPDATED: 12:36 AM, WED NOV 4, 2015.
By Russell Hubbard / World-Herald Bureau

LINCOLN — Stakes were raised Tuesday in the federal criminal trial of ex-TierOne Bank Chief Executive Gil Lundstrom after he took the witness stand to testify in his own defense and plainly denied the charges against him.

“Have you done what you are accused of?” he was asked by Dan Collins, his defense attorney.

“No, I have not,” Lundstrom replied.

Lundstrom, 74, was the first witness called Tuesday morning in U.S. District Court in Lincoln by his attorney. U.S. prosecutors rested their case Monday. The former boss of Lincoln-based TierOne is testifying for high stakes: aged 74, he faces the prospect of decades in prison if convicted on all 13 counts against him related to concealing massive loan losses from regulators and investors.

FULL story at link.